The Fine Art of Investing - Key Points
To sum up McCarthy's article on investing in art:
1. The art market encompasses numerous sub-markets with distinct characteristics;
2. The unique features of the art market and the transaction costs create additional risks for casual investors and investment opportunities for more knowledgeable participants;
3. Studies of art's investment properties show that returns vary with the holding period but have exhibited a low or negative correlation with financial markets.
If you'd like a copy of Ed McCarthy's article ask us at yourlifeyourplan.ca or call 250-868-5525. Recommended resources are:
1. 'Fine Art and High Finance: Expert Advice on the Economics of Ownership' by Clare McAndrew;
2. 'The Art Economy: An Investor's Guide to the Art Market' by Clare McAndrew;
3. 'The Art Market: A Finance Perspective' a CFA Institute webcast by Jeffrey Horvitz
GB
1. The art market encompasses numerous sub-markets with distinct characteristics;
2. The unique features of the art market and the transaction costs create additional risks for casual investors and investment opportunities for more knowledgeable participants;
3. Studies of art's investment properties show that returns vary with the holding period but have exhibited a low or negative correlation with financial markets.
If you'd like a copy of Ed McCarthy's article ask us at yourlifeyourplan.ca or call 250-868-5525. Recommended resources are:
1. 'Fine Art and High Finance: Expert Advice on the Economics of Ownership' by Clare McAndrew;
2. 'The Art Economy: An Investor's Guide to the Art Market' by Clare McAndrew;
3. 'The Art Market: A Finance Perspective' a CFA Institute webcast by Jeffrey Horvitz
GB
posted by Gordon Bell at
5:58 PM
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